Positive trading momentum pushes KSE-100 higher

KARACHI: The Pakistan Stock Exchange (PSX) saw a strong bullish performance today, with the benchmark KSE-100 index closing at 79,397, up by 409.91 points or 0.52 per cent.

Throughout the trading session, the KSE-100 index experienced notable fluctuations, ranging between an intraday high of 79,704.36 (+717.27 points) and a low of 79,071.48 (+84.39 points). The total trading volume for the KSE-100 index amounted to 102.94 million shares.

Out of the 100 companies comprising the index, 57 finished in the positive territory, 39 saw declines, 3 remained unchanged, and 1 was untraded. Leading the gainers were TRG, which surged by 10 per cent, FABL with a 9.04 per cent increase, HGFA up by 5.27 per cent, NBP gaining 2.99 per cent, and LCI rising by 2.82 per cent.

Conversely, the top decliners included NCPL, down by 2.99 per cent, PAKT with a 2.77 per cent drop, SHFA falling by 2.74 per cent, CEPB down 2.13 per cent, and SRVI decreasing by 2.06 per cent.

Key sectors that bolstered the KSE-100 index included Commercial Banks, contributing 222.06 points, Fertilizer with 151.71 points, Technology & Communication adding 55.13 points, Pharmaceuticals with 21.88 points, and Oil & Gas Marketing Companies providing 18.06 points.

In contrast, the index faced pressure from Power Generation & Distribution (-69.39 points), Investment Banks/Investment Companies/Securities Companies (-22.45 points), Leather & Tanneries (-13.32 points), Tobacco (-10.59 points), and Automobile Assemblers (-6.28 points).

The day saw 218,891 trades across 429 companies, with 228 advancing, 154 declining, and 47 remaining unchanged.

Read next: PKR loses over nine paisa against US dollar